What’s going on here is that we are in a deflationary environment that is spreading to many areas once thought to be immune to price declines: housing of course, but now rents, vehicle prices new and used, cost of labor & contractors, restaurant meals, etc, etc.
In fact, deflation is everywhere but in taxes and the size of government! Property taxes due next Friday (anyone’s going down?), income taxes due the following Wednesday.
Not to worry…Obama is our President and Schwartzenneger is our Governor. Our future is assured.
Apologies for the rant.
